Larry Hopeful was convinced he could make money betting on horse races. He had been compiling data and research on them for years. He knew that a horse was slightly more likely to win if Doug Handy had dressed its horseshoes. Jockeys in silk uniforms achieved slightly less wind resistance. If three brown horses won in a row, then it was statistically unlikely for a black horse to win in the next race. Random statistical knowledge of the last sort bothered Larry. Gay jockey's can only win on prime numbered days of the month. 'What could that possibly mean,' pondered Larry. It seemed like every gay jockey would lose money for Larry, even if it was a prime numbered day of the month.
After years of practice, Larry was able to boost his average chance-to-win-a-race to 50.3% Obviously the time and effort put into this endeavour was mostly wasted. Larry decided that, even though he enjoyed the process, he couldn't justify risking his hard earned cash. He continued to go to the races, but he would just watch. One day, as he wandered through the stalls behind the track, he noticed that all the horses except one were sick. Better yet, some of the horses had been withdrawn by the Federal Horse Commission due to legality issues. Even better, the one healthy, legal horse was slated to run on the dry side of the track. What an opportunity! Larry quickly rushed to the box office and put $1000 on the golden horse. The clerk informed Larry that, for a small fee, he could insure his bet against loses, so that there was now only an upside to the bet (minus the fee).
Larry won big that day. But for years after that he just hung around, compiling data until he could find that 'sure thing'. All that waiting might have been more boring than reckless betting, but at least now he had enough money to buy that sweet new analog-digital hybrid polysynth.